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South Africa: Eskom's turnaround, $1.38mln profit and decreased load shedding
['Staff Writer']
Zawya.com - All Regional News
In a landmark turnaround in fortunes, Eskom has announced a profit before tax of some R23.9bn – its first return to profitability in some eight years.
Reinvesting profits“The focused and ongoing efforts of Eskom’s 42,000 employees in delivering the turnaround strategy have produced tangible results.
“According to a report by the Council for Scientific and Industrial Research, titled Utility-scale Power Generation Statistics in South Africa, published on 17 March 2025, the South African economy lost up to R2.8trn due to load shedding in the 2023 calendar year.
- Energy not supplied as a result of load shedding declined significantly to below 0.4TWh (2024:13.2TWh).
This corresponds to a total load shedding duration of 175 hours (2024: 6,367 hours) and a decrease in the number of load shedding days to just 13 (2024: 329 days).